Penfed asking for paystubs

[rostrow416]

Hi all.  Asking for some Penfed insight.  I apped a few days ago, went to pending.  I called in today, rep said they needed paystubs.  Am I to assume it's a likely approval?  Or is this just typical and can go either way?

Eq9 - 726

Income - 92,500

1 chargeoff due to fall off within a few months, 3x 30 day lates from last year

[Slabenstein]

I don't know about PenFed in particular, but from my small experience in CU lending I would say it isn't indicitive either way.  IV is just IV, and they may need it for every app regardless.

[addicted_to_credit]

---

@rostrow416 wrote:

Hi all.  Asking for some Penfed insight.  I apped a few days ago, went to pending.  I called in today, rep said they needed paystubs.  Am I to assume it's a likely approval?  Or is this just typical and can go either way?

Eq9 - 726

Income - 92,500

1 chargeoff due to fall off within a few months, 3x 30 day lates from last year

---

Every time penfed has requested IV docs from me it's resulted in approval.

[gingerflower]

@rostrow416 

My experience with banking with Penfed Cu if it states "Conditionally approved" upon documents received then yes it's an approval! Goodluck on your app. 

[rostrow416]

Thanks all.  After docs were uploaded, I called to confirm the received, the rep did say my app was conditionally approved, but it would take 24-48 hours before they review my uploads.

[Loquat]

Fingers crossed for an approval and hopefully it comes sooner rather than later.

[cashorcharge]

If your income matches what you put in the application...then I say Go For It!  Best of luck...

[M_Smart007]

I'm guessing if they are asking for paystubs, as long as you provide matching supporting DOC's.

Then you are probably .. good to go!

[AllZero]

Good luck on your application! May the odds be ever in your favor.

[blindambition]

Good luck!! My experiences with CU, when asking for POI, it's to decide your limit.